If you want to be able to ask follow-up questions and dig deeper into responses, you might consider conducting a focus group. Below are answers to 10 questions that will help you determine the insurance that is best for your situation. However, if your policy is in force for alonger period like say more than2-3 years,and if you fail to pay a premium, then insurance company will deduct the premium amount from your accumulated funds, especially in permanent life insurance. 50)   To claim your personal property in a ‘Home insurance’ policy, how important is to keepinventory list? Insured is the one who holds the policy and Insurer is the company that covers the insured. It is possible to claim, if the beneficiary has court declaration that says that the insured person is missing or legally dead (disappeared for more than 7 years). This sample of company culture survey questions can really help you define values your company offers as an employer, and that candidates see attractive. But how easy is your insurance to apply, process, and eventually collect? 43)   What is the difference between the ‘single limit liability’ coverage and ‘split liability coverage’? ‘Double Indemnity’ is a provision provided by certain insurance companies, where according to their policy they are liable to pay double the face amount in case of death by accidental means or murder. Your email address will not be published. If you want to be able to ask follow-up questions and dig deeper into responses, you might consider conducting a focus group. Nice …but not sufficient enough for fire insurance. In times of crisis, grief, and sorrow insurance can be an invaluable help. Employee Benefits Survey Questions . A: For your first offense, your insurance company will mail you a warning notice. Title: Risk Assessment Survey - Sample Author: amurariu Last modified by: cmarta Created Date: 5/10/2012 11:42:00 AM Company: ISIM Timisoara Other titles The Deloitte Insurance Risk Management Survey was commissioned to understand the state of risk management practices in the Insurance industry in line with NAICOM guidelines Topics of discussion may vary depending on the coverage you have, but may include company operations, products, history and construction of the building, safety programs, maintenance procedures, as well as loss trends. You will get the amount at the end of the term. Has any of your policies ever lapsed due to non-payment of premiums? Medicaid: Refers to a medical assistance program that provides health care coverage to low-income and disabled persons. Decision to take insurance: The decision is majorly influenced by agents, friends and relatives. For example, you have a deductible of $500, and you have insurance coverage for $2000, then you are responsible for paying for $500 and the remaining amount $1500 will be paid by insurance company. You are correct. Very nice….it is very helpful question for interview preparation.. How many insurance policies do you currently have? Sample Employee Benefits Survey Questions. We urge you to explore the interactive features of this platform, which allows you to customize the findings by country, by age demographic and by insurance type. The paid value is something, when the insured stops paying the premium but do not withdraw the amount. Avoid asking questions that have nothing to do with your research, as it will only take up space. Evaluate the satisfaction levels towards your insurance by using the insurance satisfaction survey template below. If you take the cash value out, the insurer will require you to pay the premium or reduce the amount of the death benefit so the remaining cash value will support. In a random sample of 300 drivers, they found that 126 of them… i think the article is well written. Participating policy is a policy, where the profit or benefits of the insurance company is shared with the insured in theform of a dividend or reversionary bonuses. At many places u have written “insure” at the place of “insured” it is creating so much confusion…please corrected it. This is a classic design of the survey. f)       Coverage on transport vehicles carrying goods like Cargo Ship, g)      Coverage against machinery breakdown. Who is responsible? Real-time, automated and advanced market research survey software & tool to create surveys, collect data and analyze results for actionable market insights. Q: What is an insurance deductible? Create online polls, distribute them using email and multiple other options and start analyzing poll results. 4. You can revive your policy by paying the outstanding premium along with the interest, counted from the date the policy got lapsed. Most of the insurance companies gives coverage anywhere in the world. Personal liability covers when an individual cause injury to others in an accident while property damage is done when any property get damaged. The fresh perspective can give you a clear indication of what you are doing right or wrong. They can help you define your company's culture, and find out what your employees value the most, and use the insights to attract high-quality job applicants. Also, check out the interview questions for sales reps. 9. ‘Subrogation’ is referred as the process of seeking reimbursement from the responsible party for a claim that they had already paid. An investment survey questionnaire should be filled by current policy holders of insurance policies so that the performance of those insurance policies and the satisfaction levels of the policy holders can be gauged. This will lower the premium on the following year. Sample Insurance Survey Questionnaire: Name of the policy holder: _____ Are you currently enrolled in our company’s health plan coverage? In order to claim the policy, you have to fill up the claim form and contact your financial advisor from whom you have bought the policy. 20 Customer Survey Questions You Should be Asking. An insurance risk surveyor determines the possible financial risks posed by offering insurance cover for properties or sites. And without that ‘Contestable period’ is usually 1 or 2 years, during which the insurance company holds all the right to investigate the policy and decide whether to pay or not to pay to the insured. This isn't the best way to buy insurance — one of the many lessons I learned as a first-time homebuyer — but closing on a home is stressful. Some of the examples of this questionnaire are "Do you have an insurance policy? In both, the injured party or third party will claim for insurance money from the insurance company of the offender. Creating a survey with QuestionPro is optimized for use on larger screens -. Real time, automated and robust enterprise survey software & tool to create surveys. Powerful business survey software & tool to create, send and analyze business surveys. In this type of policy, you share the coverage with, the insurance company in percentage of the policy value, after paying deductible or co-payment. The questions and answers are very useful for job aspirants. ____ Major Medical Insurance ____ Dental Insurance ____ Life Insurance ____ Accident Insurance … Insurance Surveys. Different Insurance Company has a different norm for reviving the policy. Required fields are marked *. Robust, automated and easy to use customer survey software & tool to create surveys, real-time data collection and robust analytics for valuable customer insights. ‘Group life insurance’ is a single policy that covers an entire group. You can cover your valuable items like silver or golden ornaments in home insurance, but your premium and policy amount will rise accordingly. An insurance policy that covers the damage caused by another person or party is known as third party Insurance. For example, for health policy you have claimed for $200, according to policy clause you have to pay deductible, let say $100, now after paying deductible the remaining amount is $100, now you have a co-insurance which is split into 80/20%. Each insurance company has a different way of assessing risk, using broad and varied information to set rates, but drivers have little to no insight into what that information is. Here are 16 questions an auto insurer will ask, as well as why the information is important. Each insurance company has a different way of assessing risk, using broad and varied information to set rates, but drivers have little to no insight into what that information is. The term ‘insurance coverage’ means, when an individual takes an insurance policy the insured will be covered by insurance company for a specific amount for themselves or the things that he had taken the insurance policy, for which he would be paying premiums to the insurance company. Also, the two-year period of contestability will also begin again. 3. Who influenced you to get an insurance policy? His beneficiary is my sister who passed the year before. Below are answers to 10 questions that will help you determine the insurance that is best for your situation. 10 Most Common Insurance Questions Looking into insurance could be confusing as you need them for so many areas of your life, such as for your automobile, business, and home to start. After the policy is fully paid up, the company plans to use the cash value to pay your premium until you die. 24)   Can an individual take two policies and claim for both of them? For example, if your survey is about student feedback on college education, then make sure to ask questions about that matter alone. This meeting is followed by the physical survey. These survey questions should provide insight into an employee’s perceptions on the benefit offerings and an employee understanding of their benefits. But there is a deadline that has to be taken care of, for converting term life insurance into permanent life insurance. It is also referred as surrender value. Auto Insurance Awareness Survey 4 ABOUT THE SURVEY METHODOLOGY Auto insurance is essential, but for most drivers, it’s also confusing. To take advantage of this, have your questions prepared ahead of time. Employee survey software & tool to create, send and analyze employee surveys. Decision to take insurance: The decision is majorly influenced by agents, friends and relatives. It’s hard to talk about something you don’t quite understand. Good customer service Is essential to the success of your business.Statistics show that there is a 60 to 70% probability of selling to an existing customer versus a five to 20% probability of making a sale to a new customer (Marketing Metrics) and gaining new customers is seven times as expensive to the business as retaining existing ones (Parature). Generally, the benefits on the life insurance policy are tax free and the beneficiary is not liable to pay any tax after the death of the policy holder. (A Google form is a free and easy-to-use method for collecting feedback online, or check out this Benefits Survey template from Survey Monkey for a good place to start.) In this type of policy, you share the coverage with, the insurance company in percentage of the policy value, after paying deductible or co-payment. 5. In this type of insurance, the insured is the first party, insurance company is the second party while the damage done by another is referred as thethird party. In other words,it is a time-periodbetween the beginning of theinjury and the benefits you are paid off. Check as many as you’d like. ‘Revocable beneficiary’ designation gives right to the policy holder to change the beneficiary name without the consent of the named beneficiary. Tree branch on my property breaks and damages neighbor house/car or whatever. Some of the examples of this questionnaire are "Do you have an insurance policy? In the disability income insurance or loss of income insurance, the elimination period is the amount of time you have to wait before benefits are paid. Step 2: Brainstorm All Insurance Survey Questions. Certain Insurance company have a provision of Limited Premium Payment, through which you can pay the premium in 3, 5, 7 or 10 years depend upon your income,and you still can have the coverage for the entire tenure of the policy. d)      Property against natural calamities like flood, fire, earthquake etc. The group involved in the survey will meet to get everyone on the same page. The questions are designed after a thorough examination of the entire medical policy and the multiple choice answers make it extremely easy for the employees to complete the survey . 40)   What is Personal Accident cover? ‘GAP insurance’ is also known as Guaranteed Auto Protection. 21)   What is the difference between the participating and non-participating policy? It is the amount to be paid for a contract of insurance to the insurance company. ‘Declaration page’ in insurance policy, bears all the information of the policy holder like name, address, vehicle information, type of coverage and loss payee information. The sum assured by the insurance company is reduced proportionally depending when insured has stopped paying the premium. Create and launch smart mobile surveys! An endowment policy is a combination of saving along with risk cover. Yes, it is possible to get the full payment in free look period; you can cancel your new policy in 15 days by returning the policy to the life Insurance company after you receive all the documents related to the policy. Does it cover anywhere in the world? Now that you know to keep these things in mind when crafting your survey, let’s look at 10 great questions to ask in an employee survey. Also, your premium will rise soon you convert your policy. This “Do you have health insurance?” survey will help you understand the full picture behind people’s insurance status so that you can address any unmet insurance and care needs. #1: Question About Mission and Goals. When it came to the question of construction, the system offered several options regarding the percentage of Expanded Polystyrene Sandwich (EPS) panels used. 31)   What happens to the cash value after the policy is fully paid up? Co-insurance term is usually referred to health insurance companies. A HIMSS Analytics’ survey found; ... these six questions should get you through the pre-subscription short-listing process of your ‘medical billing company’ hunt. The insurance company will pay the insured in case of damage or  claims made by the insured according to their ‘insurance coverage’. QUESTIONS FOR INDUSTRY/COMPANY FILERS Thank you for completing this survey. But the insurance company comes to know that the accident occur due to other party fault, now they will claim themoney from the other party this is known as ‘subrogation’. 11.Have you received any incentives from your insurance company on the insurance premiums? (A Google form is a free and easy-to-use method for collecting feedback online, or check out this Benefits Survey template from Survey Monkey for a good place to start.) 7. This type of policy is specially designed to accumulate wealth and at the same time cover your life. When it comes to the questions you should be asking your customers, there are a few basics to include. It is a legal definition used to cover the investment of other parties or bank that is owned by you. 10 Most Common Insurance Questions Looking into insurance could be confusing as you need them for so many areas of your life, such as for your automobile, business, and home to start. The policy ceases as soon as you withdraw the money, and the insured will lose out all the returns on it. While, the non-participating policy, does not share their profit with insured. Personal Accident Insurance is for your personal vehicle and covers any fatal accidents to you or your family excluding driver. It is the split of insurance coverage between you and insurance company; usually the split would be 80/20 % where you are liable to pay 20% and the remaining amount by the insurance company. Collision coverage covers when you have a collision with any other object or vehicle while comprehensive coverage covers your vehicle other than collision, when your car is not in use. A: An insurance deductible is the amount of money you pay after an accident before your insurance company pays for the remaining amount. Sample Insurance Interview Questions for Agents & Brokers: And in case of death the money will be paid to beneficiary but, if you outlive the policy tenure, you will receive the sum assured along with accumulated bonus. health insurance plan in the detailed questions about health insurance. Sure, assuming your employer offers coverage and you’ve signed up. Good customer service Is essential to the success of your business.Statistics show that there is a 60 to 70% probability of selling to an existing customer versus a five to 20% probability of making a sale to a new customer (Marketing Metrics) and gaining new customers is seven times as expensive to the business as retaining existing ones (Parature). For example it covers, a)      Personal property such as car or house, c)       Liability Insurance – legal Liabilities. In addition to frequent 1-on-1’s, we want to empower managers to learn from their teams on a continuous basis by asking the most important employee survey questions. Here are 16 questions an auto insurer will ask, as well as why the information is important. This type of Insurance policy is purchased for vehicles, so that in case of theaccident they can claim it. For example, you have an accident where your car gets damaged,and you have car insurance, the insurance company will pay you the money. Can anyone please send me p&c domain testing interview questions PDF. Step 3: Plot the Insurance Survey Layout It’s very useful to us for studying insurance subject in SEM.tq so much, Very nice but if you add examples for each that is more complete. 8. This will continue till there is an available fund after which your policy will be terminated. While in ‘Irrevocable beneficiary’ the policy holder has to take consent of the beneficiary before the name is changed. If it happens again, they will issue a late charge or cancel your policy. Have you ever surrendered any insurance policy? 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